Demand For Larger Lots Could Indicate An Increase In Value For Older Homes
Good Monday Morning!
This recent survey is interesting. As the lots our new homes sit on continue to get smaller in most areas of the country, the demand for larger lots and privacy is growing. This could indicate that the value of older homes on larger lots will increase and demand for all that they offer grows. Here is a recent survey that indicates this trend.
Americans want more social distance from their neighbors. A new Pew Research Center study finds a shift in home preferences since the pandemic with more consumers saying they want a larger home, even if it means local amenities are further away.
That marks a shift from 2019 when more Americans were desiring smaller houses that were “closer to each other, but schools, stores, and restaurants are within walking distance,” according to the Pew Research study.
Six in 10 U.S. adults surveyed say they would prefer to live in a community with larger homes that had a greater distance to retail stores and schools. That is up 7 percentage points since 2019. On the other hand, 39% of consumers surveyed say they prefer a community with smaller houses that are closer together and near amenities, down 8 points since 2019.
Americans want more social distance from their neighbors. A new Pew Research Center study finds a shift in home preferences since the pandemic with more consumers saying they want a larger home, even if it means local amenities are further away.
That marks a shift from 2019 when more Americans were desiring smaller houses that were “closer to each other, but schools, stores, and restaurants are within walking distance,” according to the Pew Research study.
Six in 10 U.S. adults surveyed say they would prefer to live in a community with larger homes that had a greater distance to retail stores and schools. That is up 7 percentage points since 2019. On the other hand, 39% of consumers surveyed say they prefer a community with smaller houses that are closer together and near amenities, down 8 points since 2019.
Have An Awesome Week!
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THIS WEEKS HOT HOME LISTING!
1691 Mill Street, Eugene, OR
Price: $980,000 Beds: 9 Baths: 4.0 Sq Ft: 3611
Restored 1905 Historic home. Sale includes 1691 Mill St. and 417 E. 11th Ave. Both homes are on the same tax lot. Currently a campus rental. 1691 has a 3 bedroom rental unit and a 2 bedroom rental unit. 417 has 2 two bedroom rental units. for a tota...View this property >>
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